Hedge Fund Analysts Insider Trading

Hedge Fund Analysts Talk to Insider Trading Investigators

A new hedge fund analyst has started collaborating with the insider trading investigation. The Journal explains that hedge funds may have a new concern when hiring. With the insider trading probe and the lawsuits this year, hedge funds may be concerned that analysts will talk to investigators.

The new insider trading charges announced by federal prosecutors Wednesday are certain to fuel more speculation — and anxiety – in the hedge fund world about which fund employees are singing to law enforcement.

The criminal complaint against Winifred Jiau, a Fremont, Calif. technology expert, described in the WSJ story here, alleges she provided inside information on public companies.

The complaint says Jiau spoke with two hedge fund portfolio managers, identified as CC-1, from Hedge Fund A, and CC-2, from Hedge Funds B and C. CC-1, the founder and principal portfolio manager at Hedge Fund A, allegedly employed CW-1, a research analyst now cooperating with the government, starting in March 2008. Source

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